Azerbaijan’s Azeri Light (CIF) crude oil has increased in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil increased by $1.2, or 1.26%, to $96.68.
Note that the previous price of Azerbaijani oil was $95.48.
Recall that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.